Property profile

3031 Northern Ave A-D Phoenix, AZ 85051

OFF-MARKET
Office buildings
Property ID
US07-0142380
10,962 SF 2.11 ac lot Built 1985
Individually Owned 4-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1985
Construction CONCRETE
Total area 10,962 SF
Lot 2.11 ac (91,868 SF)
Zoning code C-O
APN 151-02-011F
UPID US07-0142380

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Training Center Vocational School
  • Medical Billing Service
  • Marketing & Advertising
  • Professional Services
  • Physician

Location

3031 Northern Ave, Unit A-D Phoenix, AZ 85051-6694
Phoenix metro Census 105900 PHOENIX-MESA-SCOTTSDALE, AZ METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$3.08M
Comparable Approach Comparable
$3.11M
Blend (final) Blend
$1.65M

Owner & transaction history

since 2022
Last sale
$1.4M
7 recorded transactions
2022
Price N/A
2021
$1.4M
2016
$850,000
2016
Price N/A
2006
$1.8M
2000
$1.6M
1993
$555,000

Zoning & alternative use

C-O · Phoenix, AZ
Zoning description

The purpose of C-O zone is intended to provide office use as an appropriate transition between intense commercial activities and nearby residential uses

General category COMMERCIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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